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2020 Kentucky Revised Statutes
Chapter 304 - Insurance code
Subtitle 304.42 - Kentucky Life and Health Insurance Guaranty Association
304.42-020 Purpose of subtitle.

Universal Citation: KY Rev Stat § 304.42-020 (2020)
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304.42-020 Purpose of subtitle. The purpose of this subtitle is to protect the persons specified in KRS 304.42-030(1), subject to certain limitations, against failure in the performance of contractual obligations under life, health, and annuity policies, plans, or contracts specified in KRS 304.42030(2) because of the impairment or insolvency of the member insurer that issued the policies, plans, or contracts. To provide this protection: (1) An association of member insurers is created to pay benefits and to continue coverages as limited by this subtitle; and (2) Member insurers of the association are subject to assessment to provide funds to carry out the purpose of this subtitle. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 70, sec. 1, effective June 27, 2019. -- Amended 1998 Ky. Acts ch. 537, sec. 1, effective July 15, 1998. -- Created 1978 Ky. Acts ch. 282, sec. 2, effective June 17, 1978.
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